Jasper Metals is considering installing a new molding machine which is expected to produce operating cash flows of $$89,000$ per year for $7$ years. At the beginning of the project, inventory will decrease by $$16,500,$ accounts receivables will increase by $$14,200,$ and accounts payable will increase by $$18,400.$ At the end of the project, net working capital will return to the level it was prior to undertaking the new project. The initial cost of the molding machine is $$262,600.$ The equipment will be depreciated straight$-$line to a zero book value over the life of the project. The equipment will be salvaged at the end of the project creating an aftertax cash flow of $$41,200.$ What is the net present value of this project given a required return of $13\mathrm{.}3$ percent?

NPV $=$